WX man, it's cheaper to pay the executive 183 times the pay of the ordinary worker than raising all the workers pay accordingly.
Interrestingly enough, the executive himself is slashing the payment to workers, thereby saving the company a lot of money, and in the meantime gets a salaryraise which is nothing compared to the saved expenses.
We've fostered a generation of selfish young people who think they're the centre of the universe who think they can handle themselves and doesn't need to be part of a group while negotiating salaries... Problem is, that kind of people get screwed over without even recognizing it, while they still believe in the "everyone for himself" slogan being so much published by liberalists these days.
The only type of people that gain on this, are the stockholders, which annoyingly enough are even the worker themselves, (even those that now complain about the "young blood" have stocks, and an conflicting interrest in the matter) and ofcourse the executives.